Turkish scrap declines on Orbis Steel Index

Monday, 16 February 2015 15:02:48 (GMT+3)   |   Istanbul
       

In the week from February 9 to February 15, on the Orbis Steel Index the Turkish scrap index continued to decrease, while US (East Coast) HMS I/II scrap export index switched to sideways movement. In the given week, the Turkish rebar index maintained its declining movement. The Turkish flat rolled indexes moved on a downward trend.
 
As per the Orbis Steel Index data, the index movements in the week from February 9 to February 15 as per product are as follows:
 
Turkish Scrap Index moved downward, with the index value falling 3.79 percent week on week to 99.19.

US (East Coast) HMS I/II Scrap Export Index remained unchanged compared to the previous week. The index value stayed at 100.71.


Turkish Rebar Index decreased by 2.61 percent week on week to 101.67.

Turkish HRC Index moved downwards for the second consecutive week. The index value decreased by 1.41 percent week on week to 85.37.

Black Sea HRC Export Index moved upwards in the given week. The index value increased by 0.31 percent to 76.54 compared to the previous week.


Turkish HDG Index declined by 4.23 percent to 85.8 compared to the previous week.

Turkish CRC Index moved downwards, with the index value down 3.13 percent week on week to 84.93.

*Explanations:

Turkish Scrap Index: based on the weighted average of prices published by SteelOrbis of domestic ferrous scrap purchased weekly by Turkish steel mills, and imported HMS 80/20 CFR Turkey.

Turkish Rebar Index: based on the weighted average of prices published by SteelOrbis of commercial quality deformed steel reinforcing bars produced and sold by Turkish mills and subsequently merchants, both in the domestic market on ex-warehouse basis and for export on FOB Turkey basis.

Turkish HRC Index: based on the weighted average of prices published by SteelOrbis of commercial quality HRC produced or imported, and then sold by Turkish mills on ex-warehouse basis.

01.01.2005 value is 100.


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